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UK

HMRC recalculates bills for 5 million taxpayers

Some 5.5 million people overpaid or underpaid tax last year, HM Revenue & Customs has admitted. It means they will be clawing back up to £1bn from unsuspecting taxpayers for unpaid tax in the 201

Thursday, May 16, 2013 (Independent )

First female chairman at Eurostar

Eurostar has appointed its first female chairman, with Clare Hollingsworth set to take over from the incumbent Richard Brown in June. Ms Hollingsworth was chief executive of the private hospital group

Thursday, May 16, 2013 (Independent )

Trinity Mirror pay cuts don't suit all

Trinity Mirror's decision to cut the basic salary of new chief executive Simon Fox by a third and introduce a more stretching bonus scheme has failed to satisfy some shareholders. Nearly 9 per cent vo

Thursday, May 16, 2013 (Independent )

Mining: Cairn India profits lift Vedanta results

Underlying profits at Vedanta rose 21 per cent last year to $4.89bn (£3.19bn) as revenues from oil and gas assets acquired in late 2011 helped offset iron-ore mining bans that cost the Indian-focused

Thursday, May 16, 2013 (Independent )

National Grid's energy pricing boost

National Grid has said it is set to make a "strong start" under the new pricing regime which it attacked a year ago as "lacking the essential investments to provide safe, reliable networks". &nb

Thursday, May 16, 2013 (Independent )

Prudential shareholders in pay protest

Prudential was hit by a minor revolt at its annual meeting as investors criticised the company's decision to hand out £30m in pay to directors last year.

Thursday, May 16, 2013 (Independent )

Demand for gold hits a three-year low

Demand for gold tumbled to a three-year low during the first quarter as hopes of a recovery in the global economy outweighed a surge in buying from China and India.

Thursday, May 16, 2013 (Independent )

Walmart suffers surprise drop in sales

The grim consumer environment in the United States led to an unexpected drop in sales in Walmart over the first quarter, with the world's largest retailer missing Wall Street expectations.

Thursday, May 16, 2013 (Independent )

Strong demand for tablet computers helps Dixons sales surge

Dixons' chief executive Sebastian James said he has "wind in his sails" as he reported a continuing recovery at the electrical retailer, and the City is beginning to believe the story. &nbs

Thursday, May 16, 2013 (Independent )

Private equity: We don't know why Bramson is targeting us – 3i

The chief executive of the private equity group 3i has admitted he has no idea why the activist investor Ed Bramson keeps buying his company's shares.

Thursday, May 16, 2013 (Independent )